Tapestry (NYSE:TPR) Updates FY25 Earnings Guidance

Tapestry (NYSE:TPR) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of $4.50 to $4.55 for the period, compared to the consensus earnings per share estimate of $4.57. The company issued revenue guidance of over $6.75 billion, compared to the consensus revenue estimate of $6.77 billion.

Tapestry Stock Performance

NYSE:TPR opened at $51.27 on Thursday. The company has a 50-day moving average of $45.88 and a 200-day moving average of $42.73. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.53. The company has a current ratio of 4.93, a quick ratio of 4.38 and a debt-to-equity ratio of 2.35. Tapestry has a twelve month low of $28.97 and a twelve month high of $52.76.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, August 15th. The luxury accessories retailer reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. Tapestry had a net margin of 12.12% and a return on equity of 36.26%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm posted $0.95 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts forecast that Tapestry will post 4.55 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 6th will be issued a $0.35 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.73%. Tapestry’s payout ratio is currently 40.46%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TPR shares. Citigroup upped their price target on Tapestry from $49.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America lifted their target price on shares of Tapestry from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Raymond James reiterated an “outperform” rating and issued a $57.00 price objective (up from $55.00) on shares of Tapestry in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on Tapestry from $51.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, TD Cowen lowered shares of Tapestry from a “buy” rating to a “hold” rating and set a $52.00 price target on the stock. in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Tapestry Company Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.